Sold for $2,500,000 Listed for $2,800,000
This property is not currently for sale or for rent.
PARADISE IS LITERALLY FOR SALE - Welcome to Island Park, where paradise awaits on the shores of Hamilton Lake, Hamilton, Indiana. Embrace the extraordinary with this rare 2.271 acre lot, a once-in-a-generation opportunity to claim your slice of heaven. The history behind this parcel dating back to 1889 through 1940’s is amazing and you can own the nostalgia that comes with it. With utilities in place, your dream home or investment project can effortlessly come to life. Indulge in the luxury of your own private beach; a secluded retreat inviting you to unwind and savor the tranquility of 546 feet of lakefront living that overlooks the expansive 800+ acre Hamilton Lake: and serves as your backyard, providing not only breathtaking panoramic views but also a playground for all water enthusiasts. Once you have purchased: there’s several ways to divide or develop the parcel to meet your specific needs or desires. Family driven or investor driven, the choice is yours. Nestled in the heart of this serene island, the property boasts an R3 zoning which allows triplex family units. That said: single family lots from 1-9 totals may be possible. This offers vast possibilities for residential estate-size lots, smaller lot development, or 3-unit multi-family lots. Step into the rich history of Island Park, which still offers a 2 acre private park at its center for island residents, and once graced by the legendary Paradise Hotel between 1915 and 1945. As echoes of a bygone era linger, imagine the potential for your legacy to be etched into this cherished landscape. Seize this unparalleled, once in a lifetime opportunity, to own a piece of paradise where the past meets the present, and where the most amazing views come standard. This is more than just a property; its nostalgia and an invitation to create your legacy with memories, and build a future in a place that truly embodies the essence of island living. Don't miss your chance to make history at Island Park on Hamilton Lake and the past location of Paradise Hotel – a destination like no other.
From the 4-way stop in downtown Hamilton, turn west on E Bellefontaine Rd, approximately one-half mile turn north on Lane 210, then follow around to the NW crossing the bridge; when reaching the Y on the island, follow to property on the North.
MLS # | 202408444 |
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Date Listed | 2024-03-15 |
Status | Sold |
Property Type | Lots and Land |
Property SubType | Residential Land |
Type | Residential Land |
Annual Taxes | $19,763.00 |
Year Taxes Payable | 2023 |
Days on Market | 8 |
Construction | Residential Land |
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Lot Size | 98,925 sq ft |
Acreage | 2.27 Acres |
Lot Dimensions | 325x204x546x185 |
Fence | None |
Area | Steuben County |
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County | Steuben |
Subdivision | Island Park |
Township | Otsego |
City | Hamilton |
State | IN |
Zip | 46742 |
School District | Hamilton Community |
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Elementary | Hamilton |
Middle School | Hamilton Middle |
High School | Hamilton |
Assoc. Dues | $150.00 Annually |
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Other Fees | $1,284.00 Annually |
MLS# 202408444
IDX information provided by the Indiana Regional MLS.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.
Listing Provided Courtesy of Ken Steury
Coldwell Banker Real Estate Group
Cell: 260-417-5777
Listing updated May 31, 2024 at 10:45 am
Last checked 8 minutes ago